Ripple’s Big Move: Tokenizing a $4.77B Fund

Ripple just made waves by tokenizing abrdn’s $4.77 billion money market fund on its XRP Ledger. The project, launched with Archax, marks the first of its kind.

What’s the Big Deal?

Archax, a UK-regulated crypto exchange, helps Ripple bring assets like abrdn’s fund on-chain. The result? Faster transactions and lower costs.

Who Gets Access?

The fund is only open to professional investors through Archax. Ripple’s also investing $5 million to back the effort, betting on the booming $16 trillion RWA market projected by 2030.

Tokenization is Taking Off

BlackRock’s digital liquidity fund leads the $1 billion tokenized money market space. Ripple is competing with Ethereum and Stellar, which have tokenized billions in RWAs like government securities and commodities.

XRP on the Rise

Ripple’s XRP token is having a great week, jumping nearly 28% to $1.43.

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